LSI Industries, Inc. (NASDAQ:LYTS) Receives Average Rating of “Strong Buy” from Analysts

LSI Industries, Inc. (NASDAQ:LYTS) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $6.00 for the company and are expecting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LSI Industries an industry rank of 61 out of 255 based on the ratings given to its competitors.

A number of research firms have commented on LYTS. ValuEngine lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Zacks Investment Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 24th.

NASDAQ LYTS opened at $6.28 on Tuesday. The stock has a market cap of $163.95 million, a P/E ratio of 157.00, a PEG ratio of 0.99 and a beta of 1.39. The company’s 50-day simple moving average is $6.04 and its 200 day simple moving average is $4.98. LSI Industries has a twelve month low of $2.48 and a twelve month high of $6.62. The company has a quick ratio of 1.43, a current ratio of 2.38 and a debt-to-equity ratio of 0.19.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $85.00 million. LSI Industries had a negative net margin of 4.09% and a negative return on equity of 0.16%. Research analysts anticipate that LSI Industries will post 0.25 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in LSI Industries by 58.6% in the second quarter. Vanguard Group Inc. now owns 1,174,721 shares of the construction company’s stock valued at $4,287,000 after buying an additional 434,017 shares in the last quarter. Adirondack Research & Management Inc. boosted its position in LSI Industries by 1.2% in the third quarter. Adirondack Research & Management Inc. now owns 409,837 shares of the construction company’s stock valued at $2,139,000 after buying an additional 5,000 shares in the last quarter. Systematic Financial Management LP boosted its position in LSI Industries by 0.4% in the third quarter. Systematic Financial Management LP now owns 796,897 shares of the construction company’s stock valued at $4,160,000 after buying an additional 2,877 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in LSI Industries by 13.4% in the second quarter. Jacobs Levy Equity Management Inc. now owns 27,885 shares of the construction company’s stock valued at $102,000 after buying an additional 3,300 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in LSI Industries by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 266,884 shares of the construction company’s stock valued at $974,000 after buying an additional 5,324 shares in the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.

LSI Industries Company Profile

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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